Landmark Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
January 28, 2020 at 09:13 pm
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Landmark Bancorp, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced net interest income was USD 30.354 million compared to USD 27.788 million a year ago. Net income was USD 10.662 million compared to USD 10.426 million a year ago. Basic earnings per share from continuing operations was USD 2.32 compared to USD 2.28 a year ago. Diluted earnings per share from continuing operations was USD 2.31 compared to USD 2.27 a year ago.
For the fourth quarter, the company announced net interest income was USD 8,018,000 compared to USD 7,178,000 a year ago. Net income was USD 3,268,000 compared to USD 2,462,000 a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.53 a year ago.
Landmark Bancorp, Inc. is a financial holding company. The Companyâs business consists of the ownership of Landmark National Bank (the Bank) and Landmark Risk Management, Inc., which are wholly owned subsidiaries of the Company. The Bank's primary deposit gathering and lending markets are geographically diversified throughout central, eastern, southeast, and southwest Kansas. The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four family residential real estate, construction and land, commercial real estate, commercial, agricultural, municipal and consumer loans. The Bank also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Landmark Risk Management, Inc. is a captive insurance company, which provides property and casualty insurance coverage to the Company and the Bank.
LANDMARK BANCORP, INC. 
